Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?
by

1 Answer

Answer :

A house is the largest purchase most of us will ever make so it's important to calculate what your payment will be and how much you can afford. The mortgage calculator will show you how much your monthly payment will be. It can also show the effect of adding extra payments. Watch our "How To" video on how to use the mortgage calculator.
by

Related questions

How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Description : How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Last Answer : If you are house shopping, you may be wondering how much you will be paying in monthly mortgage payments. You can find estimated monthly through online mortgage calculators. There are many sites with ... your loan rate yet, you can estimate it by searching for current mortgage rates.Now you are

Where can I find a monthly payment calculator for a mortgage?

Description : Where can I find a monthly payment calculator for a mortgage?

Last Answer : Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments

Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?

Description : Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?

Last Answer : Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.

How much is your monthly mortgage payment on your house in your town?

Description : How much is your monthly mortgage payment on your house in your town?

Last Answer : Half that, east tn in the burbs

How can a person lower their FIXED APR monthly mortgage payment?

Description : How can a person lower their FIXED APR monthly mortgage payment?

Last Answer : answer:Carving out the taxes and insurance does lower your monthly payment, but it doesn't really lower how much money comes out of your checking account overall. So it is really an illusion. Other than what ... the mortgage. I will be curious to see if someone can come up w/ something for you .

What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Description : What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Last Answer : You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.

Why use a mortgage payment calculator?

Description : Why use a mortgage payment calculator?

Last Answer : Mortgage payment calculators can be a good foundation if you just need to know some of the basics. There are a wide array of costs that can be associated with your mortgage that won't show while you ... won't show up on a vast majority of calculators, as well as the ever important escrow fees.

How to Use a Mortgage Payment Calculator?

Description : How to Use a Mortgage Payment Calculator?

Last Answer : When you're in the market for a new home, figuring out how much you can afford is essential. Instead of taking the time to go to the bank and find out how much a mortgage payment would be, you can ... made the proper calculations, you can get a realistic idea of what it will cost to buy a new home.

where does one find a monthly payment calculator?

Description : where does one find a monthly payment calculator?

Last Answer : Monthly payment calculators are useful to use to find out how much you need to repay each month on your loan. You can learn more about these from the website of any major bank or mortgage broker.

Where can I find a free online mortgage payment calculator?

Description : Where can I find a free online mortgage payment calculator?

Last Answer : There is online calculator you can work on to make sure the mortgage payment you are afford to pay, or you can go to the bank, they probably figure it out for you as well, here is the site: www.mortgagecalculator.org/

Will a mortgage calculator help you determine your mortgage payment?

Description : Will a mortgage calculator help you determine your mortgage payment?

Last Answer : A mortgage calculator will definitely help you determine your mortgage payment. The calculator will help you decide what mortgage is right for you by allowing you to see what types are out there and the current interest rate.

What is a mortgage payment calculator?

Description : What is a mortgage payment calculator?

Last Answer : A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

My husband got laid off and I don't know if I able to pay my property tax> Do you think I can make payment arrangement to them like monthly payment.?

Description : My husband got laid off and I don't know if I able to pay my property tax> Do you think I can make payment arrangement to them like monthly payment.?

Last Answer : Definitely call the County Assessor Office and let them know that you are having difficulties. Start immediately making regular, same-size payments. Try to establish an amount that will clear the amount ... it is assessed next time. Even if the office is reluctant to agree, send payments anyway.

Is PETA acting ethically when they're offering to pay Octomom to advertise on her front lawn in exchange for mortgage payment?

Description : Is PETA acting ethically when they're offering to pay Octomom to advertise on her front lawn in exchange for mortgage payment?

Last Answer : Phhhtt. PETA exploits all the time. I despise, despise, despise that woman that exploits her kids. I sooooo want to punch her in the face. And then give her a tubal ligation while she’s unconscious.

Where online can I use a mortgage affordability calculator?

Description : Where online can I use a mortgage affordability calculator?

Last Answer : A good comparison web page could give u a list of mortgage calculators you could use. All you would have to do is enter your financial information into the correct information boxes and it will calculate the rest for you.

Is there a monthly budget calculator online?

Description : Is there a monthly budget calculator online?

Last Answer : There are great free monthly budget calculators online where you can figure out your monthly budget expenses. Simply go to any bank's official website, and on their page, you will find a free to use monthly budget calculator.

Will an interest only loan calculator help me determine my monthly payments?

Description : Will an interest only loan calculator help me determine my monthly payments?

Last Answer : An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.

How to calculate compound interest using a monthly investment calculator?

Description : How to calculate compound interest using a monthly investment calculator?

Last Answer : A simple formula can be used to calculate the amount the dollar invested is worth over a monthly period. Use PV*(1+R)/N where PV is your present investment, R is your interest rate and N is the number of investment periods.

Reverse Mortgage Calculator?

Description : Reverse Mortgage Calculator?

Last Answer : Reverse Mortgage CalculatorUse this calculator to help determine the balance of a reversemortgage. This calculator is specifically designed to show you howthe outstanding balance of a reverse mortgage can rapidly grow overa period of time.

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Mortgage Points Calculator?

Description : Mortgage Points Calculator?

Last Answer : Mortgage Points CalculatorShould you buy points? Buying points when you close yourmortgage can reduce its interest rate, which in turn reduces yourmonthly payment. But each "point" will cost you 1% ... money to increase your down payment. Click onthe "View Report" button to review your information.

Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

Blended Rate Mortgage Calculator?

Description : Blended Rate Mortgage Calculator?

Last Answer : Blended Rate Mortgage CalculatorThe high price of homes has many buyers trying to get 100% ornear 100% financing. One option is to acquire two mortgages. Thiscalculator helps you determine the effective, or ... would pay if you use a first and a second mortgage tofinance the purchase of your home.

Mortgage APR Calculator?

Description : Mortgage APR Calculator?

Last Answer : Mortgage APR CalculatorUse this calculator to determine the Annual Percentage Rate(APR) for your mortgage. Press the report button for a fullamortization schedule, either by year or by month.

What is a simple mortgage calculator?

Description : What is a simple mortgage calculator?

Last Answer : A simple mortgage calculator is a tool used to calculate mortgage payments. It simplifies the compound interest process to give users a single payment number.

What does a mortgage amortization calculator do?

Description : What does a mortgage amortization calculator do?

Last Answer : The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage. So it will help you keep track of your mortgage and let you know how things stand.

Can I download an app for an Amortization mortgage calculator?

Description : Can I download an app for an Amortization mortgage calculator?

Last Answer : Yes, you can get an app for your iPhone for an amortization mortgage calculator at the following site...iTunes.apple.com/us/app/mortgage-calculator-extra/id396886949?.

Where can I find a good mortgage qualification calculator?

Description : Where can I find a good mortgage qualification calculator?

Last Answer : If you are looking to determine the value of a mortgage you will qualify for, in order to shop for the house that will work for you, please take a look at this site: www.cmhc-schl.gc.ca/en/co/buho/buho_005.cfm

What is a mortgage repayment calculator?

Description : What is a mortgage repayment calculator?

Last Answer : A mortgage repayment calculator is a tool that calculates the monthly payment of a home loan. This includes both principal and interest payments, as well as any other fees that may be included in the loan. You can calculate your mortgage repayments in a few minutes for free at royalproperty.ca

Mortgage Calculator?

Description : Mortgage Calculator?

Last Answer : To find a good mortgage calculator you could go to sites like, www.mortgagecalculator.org or www.mortgage-calc.com, I think they work very well, otherwise you could go to Google.com and search Mortgage calculator for some very trustworthy sites. Good luck!

what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Typical down payment and monthly payments on a used truck?

Description : Typical down payment and monthly payments on a used truck?

Last Answer : answer:Rule of thumb if I recall correctly is $20 a month payment for every $1000 total principle. This is assuming an average interest rate (like 3-6% range). If your interest is higher, your monthly ... CU offered me an interest rate around 5%. My payments were going to be in the $180-$220 range.

Will my monthly payment due change because I spent to much on my Credit Card? (More detail inside...)

Description : Will my monthly payment due change because I spent to much on my Credit Card? (More detail inside...)

Last Answer : Your payments go up according to the current charges. If you paid the card back down to it's original balance that generated the $25 monthly payments, then yes, the balance of payments will be ... this month and only paid $59, the payments will remain elevated until the balance comes down again.

How much would my monthly payment for my car be?

Description : How much would my monthly payment for my car be?

Last Answer : answer:Depends upon how much you put up front and what the interest rate is. Lots of online calculators for this. Will you have to pay some money when you get the car? Of course you will.

Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Description : Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Last Answer : Never purchase anything over time if you can only “just afford the monthly payments”. You are only one “emergency” away from suddenly not being able to make those payments. A lot of us have had to learn this the hard way.

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

Description : Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do ... tranfers even though its my money and it has no obligation to X. What's the law on this?

Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

Is there a general calculation used to figure the monthly payment amount on income based apartments?

Description : Is there a general calculation used to figure the monthly payment amount on income based apartments?

Last Answer : No, because you need to take into many factors, such as size, rooms and location for the calculation.

how much the enterest rate today and how much the monthly payment of 400,000 and five years fix?

Description : how much the enterest rate today and how much the monthly payment of 400,000 and five years fix?

Last Answer : The payment depends on how much you put down and how much they charge for insurance. interest is 5+

what would a monthly payment run on a 30 year note & a $60,000 loan?

Description : what would a monthly payment run on a 30 year note & a $60,000 loan?

Last Answer : Assuming your mortgage rate is about 6%, the monthly principal and interest payment would be about $360. Your Mortgage rates might be higher though because of the financial problems.

How much is the monthly payment on a 5000 loan?

Description : How much is the monthly payment on a 5000 loan?

Last Answer : The amount of interest on 5000L for five years would depend on where you are borrowing the money from and what the prime rate is at that time. Call your local bank and find out the prime rate.

A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting firm made up of three non-CPA practitioners. c. Issued an unqualified opinion on the 2006 financial statements when fees for the 2005 audit were unpaid. d. Purchased a bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period

Description : A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an ... bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period

Last Answer : Issued an unqualified opinion on the 2006 financial statements when fees for the 2005 audit were unpaid

A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting firm made up of three non-CPA practitioners. c. Issued an unqualified opinion on the 2010 financial statements when fees for the 2009 audit were unpaid. d. Purchased a bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period.

Description : A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting ... firm's practice of monthly write-ups for a percentage of fees received over a three-year period.

Last Answer : Issued an unqualified opinion on the 2010 financial statements when fees for the 2009 audit were unpaid

The payment of occasional dispatch is made to the Railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Description : The payment of occasional dispatch is made to the Railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Last Answer : b) Quarterly

The payment of weighment system is made to the railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Description : The payment of weighment system is made to the railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Last Answer : c) Half Yearly

The payment due in connection with posting of Regd News paper without prepayment is to be made a) Quarterly b) Monthly c) Weekly d) fortnightly

Description : The payment due in connection with posting of Regd News paper without prepayment is to be made a) Quarterly b) Monthly c) Weekly d) fortnightly

Last Answer : d) fortnightly

Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)

Description : Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)

Last Answer : (a) holder

Payment made by an employer to employee monthly, other than salary is called …………. A) Bonus B) Allowances C) Benefits D) None of these

Description : Payment made by an employer to employee monthly, other than salary is called …………. A) Bonus B) Allowances C) Benefits D) None of these

Last Answer : B) Allowances

Should I make this last mortgage payment?

Description : Should I make this last mortgage payment?

Last Answer : Pay it !

I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Description : I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Last Answer : If the company thinks your husband is alive, wont they send a document to your house when it's paid off? I don't see how the mortgage company isn't aware he's dead? I guess maybe they aren't ... with the help of a lawyer. It's a simple procedure to get it fixed, assuming you have no children.